Crapshoot investing : how tech-savvy traders and clueless regulators turned the stock market into a casino
著者
書誌事項
Crapshoot investing : how tech-savvy traders and clueless regulators turned the stock market into a casino
FT Press, 2011
- : hardback
- タイトル別名
-
Crapshoot investing
大学図書館所蔵 全2件
  青森
  岩手
  宮城
  秋田
  山形
  福島
  茨城
  栃木
  群馬
  埼玉
  千葉
  東京
  神奈川
  新潟
  富山
  石川
  福井
  山梨
  長野
  岐阜
  静岡
  愛知
  三重
  滋賀
  京都
  大阪
  兵庫
  奈良
  和歌山
  鳥取
  島根
  岡山
  広島
  山口
  徳島
  香川
  愛媛
  高知
  福岡
  佐賀
  長崎
  熊本
  大分
  宮崎
  鹿児島
  沖縄
  韓国
  中国
  タイ
  イギリス
  ドイツ
  スイス
  フランス
  ベルギー
  オランダ
  スウェーデン
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  アメリカ
注記
Includes bibliographical references and index
内容説明・目次
内容説明
In just the past few years, the equity markets have been transformed into a high-speed casino that's a pure crapshoot: a white-knuckle rollercoaster ride that has left individual investors legitimately terrified of equities. The Flash Crash of May 6, 2010-when the DJIA plummeted 734 points in 17 minutes, and dozens of top companies traded as low as zero-was just a harbinger of disasters to come. In Crap Shoot Investing, Barron's Washington Editor Jim McTague reveals the twin causes of this massive transformation: high-frequency traders using mathematical hocus pocus, and blundering regulators whose attempts to promote long-term investment have massively backfired. McTague takes you through the Flash Crash moment by moment, revealing what happened and how it happened. Next, he burrows "under the volcano" to uncover the titanic, uncontrolled forces now at work in equity markets, showing investors exactly what they're jumping into when they buy and sell stock today. You'll learn how new exchanges, desperate for cash, are attracting high-frequency traders at everyone else's expense... how "dark pools" of hidden trades are tilting the playing field...how even small investors are promoting dangerous volatility. McTague explains why regulators continue to ignore the big picture as the markets accelerate towards chaos. Last but not least, he presents a rational strategy for investors who need to get ahead in markets that have become riskier than most casinos.
"A valuable read for anyone considering investing in equity markets."
Reprinted with permission from CHOICE http://www.cro2.org, copyright by the American Library Association.
目次
Acknowledgments vii
About the Author viii
Introduction 1
Chapter 1: Strange Encounters 11
Chapter 2: Not Your Grandma's Market 27
Chapter 3: Screaming Headlines 39
Chapter 4: Accidental Senator 47
Chapter 5: Flash Crash 61
Chapter 6: Shock and Awe 81
Chapter 7: Poster Child 85
Chapter 8: Accident Investigation 91
Chapter 9: The Trouble with Mary-and Gary 97
Chapter 10: The Road to Ruin 105
Chapter 11: Busted! 113
Chapter 12: Precursor 125
Chapter 13: Birth of High-Frequency Trading 135
Chapter 14: Evil Geniuses? 149
Chapter 15: Dirty Rotten Scoundrels 165
Chapter 16: Dark Pools 171
Chapter 17: Volatility Villains 175
Chapter 18: The Investigation 183
Chapter 19: The Vigilantes 193
Chapter 20: The Tide Turns 199
Chapter 21: Letter Bomb 207
Chapter 22: Scapegoat 213
Chapter 23: The Real Culprits 221
Chapter 24: Investing in a Shark-Infested Market 229
Index 237
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